feed linkedin-square facebook-square twitter-square question-circle-o

Compare IC Markets vs IG


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against IG!

IC Markets vs IG
overall rating
4.5 / 5.0
4.5 / 5.0
overall pros
  • Low fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Easy-to-use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
overall cons
  • No investor protection
  • No negative balance protection
  • Only forex, CFD, and crypto trading is provided
  • High trading fees
  • Limited product portfolio
  • Limited research tools
fees
5 stars
  • Low trading fees
  • Low non-trading fees
  • No withdrawal fee
2 stars
  • Low financing rate
  • Transparent fee structure
  • High trading fees
  • Inactivity fee
account opening
5 stars
  • Fast account opening
  • Fully digital account opening
  • User-friendly
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for bank transfer
  • The sales team is quite pushy, prompting you regularly to fund your account
deposit and withdrawal
5 stars
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • User-friendly
5 stars
  • Credit/Debit card deposit and withdrawal
  • Several account base currencies
  • User-friendly
  • Not transparent on available base currencies
web trading platform
4 stars
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
  • No two-step (safe) login
5 stars
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for charts, workspace)
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Looks nice
  • No two-step (safe) login
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
4 stars
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good search function
  • No two-step (safe) login
-
markets and products
1 stars
  • Forex
  • CFD
  • Crypto
3 stars
  • Forex
  • Options
  • CFD
  • Crypto
  • Equities for UK clients
  • Robo-advisory type of service in the UK
research
4 stars
  • Good interactive chart
  • Good quality news flow
  • Analyst recommendations
  • No fundamental data available
3 stars
  • Good interactive chart
  • Good quality news flow
  • User-friendly
  • No fundamental data available
  • No/limited set of analytic tools
customer service
4 stars
  • Relevant answers
  • Fast email and telephone support
  • 24/7 availability
  • Slow and irrelevant live chat
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
education
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Good production quality
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
  • Regulated by top tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Listed on stock exchange
  • Financial information is publicly available
  • Regulated by top-tier regulators, like FCA
  • No negative balance protection
recommended for Forex traders preferring easy account opening and free deposit and withdrawals Traders with any experience level aiming for a great and easy-to-use trading platform